Monday, May 9, 2011

NIFTY VIEW ...CAIRN INDIA....NEAR CRUCIAL AREA...AND SELL CALL IN SUN PHARMA!!!


NIFTY MEDUIM TERM  VIEW:- AS PER NIFTY WEEKLY CHART,  IF NIFTY  BREAKS  5380-5390 AND CLOSE BELOW THIS LEVEL  THEN WE  CAN ENTER IN BEARISH MARKET FOR MEDIUM TERM , WE CAN SEE MORE CORRECTION UP TO 4950, 4775, 4540 LEVELS IN COMING DAYS.  IF IT MARKET TAKE SUPPORT OF HERE THEN WE SEE SOME UPWARD MOVEMENT  UP TO  5610, 5680, 5750. 
 
CAIRN INDIA  : AS PER 1STCHART OF CAIRN WE SEE IS IN UP CHANNEL  AND ON FRIDAY  ITS CLOSE NEAR SUPPORTING TRAND LINE, IF TOMORROW ITS BREAK  331 ON DOWN SIDE ONE CAN GO SHORT WITH STOP OF 337 FOR TGT OF  320, 313, OR IF TOMORROW ITS TRADE ABOVE 337 THEN ONE CAN GO LONG WITH STOP OF 331 FOR TGT 340, 347. LETS WATCH WHAT HAPPENS TO THE STOCK ( BECAUSE IT HAS  BIG NEWS FOR VEDANTA DEALS.. ) BULLS OR BEARS!!
 

 
 
SUNPHARMA : AS PER WEEKLY CHART OF SUNPHARMA  WE SEE ITS TRADE NEAR SUPPORT TREND LINE, AND ITS MADE “BEARIS ENGULFING CANDLE STICK PATTERN”, ONE CAN GO SHORT BELOW 423 WITH STOP OF 435 FOR TARGATING 403, 370. 
  

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